The Bald Mountain discovery is located approximately 0.5 km northeast of the Eocene Bullion Stock. The discovery is defined by 16 widely-spaced drill holes that intersect disseminated gold, silver, copper, and zinc mineralization over a 1.6 by 1.2 km area. Mineralization is open in all directions and coincides with a distinct 4.0 by 1.1 km gravity low, and with west-northwest-striking rhyolite and dacite porphyry dikes.
In 2013, GSV completed one vertical core hole (RRB13-01) to follow-up on historic RC drilling. Results of this core hole included 56.1 meters of 1.47 gpt Au, 23.3 meters of 0.4% Cu, and confirmed the presence of a vertically extensive zone of hydrothermal alteration, collapse brecciation, and igneous dikes. These results verify the deposit model being used, a large mineralizing system, and the discovery of a new mineralized zone.
Metallurgical tests (agitation leach) performed on gold-bearing pulp samples from RRB13-01 provided an unweighted average of 82% recovery after one hour of cyanide agitation leach. Based upon these result, further drilling is warranted at the Bald Mountain Target.